India, China set to drive palm oil market with aggressive buying, industry expert says

Demand for palm oil from India and China is expected to rise in the coming months, driven by recent price corrections that have created favorable buying opportunities for major importers, according to an industry expert speaking on Tuesday.

 

Malaysian palm oil prices, which surged by nearly 20% in 2024, have declined by approximately 12% this year. The earlier high prices reduced palm oil’s competitiveness compared to alternative oils like soyoil, prompting the current market adjustment.

 

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